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that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what
.c., the standoff continues. house speaker john boehner says he's still waiting for president obama to make his next counteroffer to the republican plan he rejected. >> i'm going need a response from the white house. we can't sit here and negotiate with ourselves. >> the president and boehner spoke on the phone wednesday, but republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person, here on capitol hill or at the white house, there will be no deal without a compromise on taxes, something that does not appear likely any time soon. >> an obsession to raise taxes is not going to solve the problem. >> treasury secretary timothy geithner said the white house is absolutely willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of earners. while a handful of republicans seems willing to concede that point, the party seemed unchangeable. >> speaker boehner took a position, i think the day after the campaign, that said we're willing to bring in revenue, but we're not willing to increas
't happen, again. brian todd, cnn, washington. >>> president obama and the republicans look to make a deal. the royal couple makes a baby and a new law makes some pot smokers very, very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official, kate middleton is pregnant. >> obviously, you know, we want a family. >> the whole globe's press will be in london waiting. >> now we're smoking weed. >> i'm not a criminal any more. i'm free to be free. >> a little pot, a big pregnancy and, of course, politics dominated this week that was. a week that began with this. >> a reasonable offer to the white house that would avert the fiscal cliff. >> reporter: the president polightly declined. >> when you look at the math, it doesn't work. >> it's just common sense. >> at least the two sides are talking. >> oh, they're talking, all right. >> the president actually isn't interested in a balanced agreement. >> the only people who aren't onboard are republicans in co
between president obama and congressional republicans as they try to hammer out a deal to avert the country falling off the fiscal cliff. >> let's allow higher rates to go up for the top 2%. by doing that alone we raise almost trz z $2 trillion. >> increasing rates will hit small businesses that produce 60 to 70% of the new jobs in our country. >> most americans agree with the president. a majority say they are okay with raising taxes on people with incomes over a quarter million a year. this poll is one of three surveys out over the past week and a half to indicate the public gives a thumbs-up to raising taxes on high earners. the polls indicate a big partisan divide with democrats and independents supporting such a move and a majority of republicans opposed. the polls also suggest that most people want cuts in government spending as part of a deal to avert the fiscal cliff. not when it comes to entitlements. according to three new surveys a majority say no to raising the eligibility age for medicare. does the public think politicians in washington will hammer out a deal before
, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this is an opportunity for this country to lead. this s this is an opportunity for the president to lead. >> debt ceiling, let's go to the white
: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff.
. president obama has rejected the latest profile bit republicans because it does not include a -- proposal by the republicans because it does not include a tax hike on the wealthy americans offering instead to close some tax loopholes, danielle nottingham with the latest from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight not due back until next week, but house speaker john boehner is staying behind ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making over $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> revenues we're putting on the table will come from, guess who, the rich. >> reporter: house republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy and they invited small business owners here to capitol hill to make their point. max olson opened an insurance company this year and is concerned he won't be able to
: president obama is rejecting the republican proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> now, the revenues were put in. going to come from, guess who? the rich. . >> reporter: health republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> reporter: max olsen opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payroll, plus an extra tax amount. then i might not be able to hire them because of it. >> reporter: president obama pressed his case tuesday with ceos of some of the country's largest companies. >> and i'm here to tell you that nobody wants to get this done more than me. >> reporter: the president says he wants to raise tax rates on just about everyone in the room to balance the budget. >> we're not insisting on rates. just out of spite or out of
. >>> still no signs of progress between republicans and democrats as the year-end deadline to avoid tax hikes and spending cuts inches closer. no face-to-face talks are scheduled at this time. but as danielle nottingham reports, president obama is continuing his push to sell to the american public. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican propoise -- proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues we're putting on the table are going to come from, guess who? the rich. >> reporter: republicans say if bush-era tax cuts are not extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >>
everything stands. >> in the midst of a standoff with capitol hill republicans, president obama told bloomberg news that the latest plan put forth by house speaker john boehner, simply doesn't add up. the >> speaker's proposal right now is still out of balance. he talks about, for example, eight hundred billion dollars worth of revenues but he says he will do that by lowering rates. when you look at the math, it does does not work. >> not work. as negotiations as negotiations to avoid the so-called "fiscal cliff" continue, republicans were equally dismissive of the last proposal from the president. >> his proposal was so outlandish i don't think we should go back to the table until he puts something there that we can work with. >> the key sticking point between the two sides hasn't changed -- tax rates for the wealthy. >> the math is clear. the only way to accomplish these things is to allow the rates to go up on the top 2 percent of taxpayers.// >> he's punishing success. we'll put at risk the economic growth that we really need to create the jobs, to create taxpayers and
. that looks more complicated until mr. obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever, comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt, but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to no
barack obama, trying to win that will truly be the super bowl and the republican party today is incapable of competing at that level. >> that's a strong statement, but not entirely inaccurate. she will be a formidable candidate if the economy is improving and they get a budget deal. look, three times in a row, very rare, george bush, ronald reagan, last time it happened. nothing is given, but given the demog r demography, her appeal would be formidable. >> the republican party in four years, hopefully more competitive. governors getting their sfripz. marco rubbo and paul ryan, reframing the republican party. is it possible there could be a new republican party in four years? i certainly hope so. we'll see. >> i have been waiting for this all along. newt gingrich, saying hillary clinton formidable. my god. >> i believe hell has frozen over and cats and dogs now getting together. >> i want hillary to run. i'm excited. >> still ahead, on "starting point" we'll talk about my documentary that aired last night. what it means to be black in america. my new doc looked at racial identity. the cont
. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues on the table are going to come from guess who? the rich. >> reporter: they say if the bush-era tax cuts aren't extended for everyone, it will hurt everyone. and they invited people here to make their point. >> reporter: max olson opened an insurance company this year and is concerned he won't be able to add employees. >> you add their payrolls, plus an extra tax amount, then i may not be able to hire them because of it. >> reporter: president obama pressed his case tuesday, with ceos from some of the largest companies. >> i'm here to tell you, nobody wants to get it done more than me. >> reporter: the president wants to raise taxes on just about everyone in the room to balance the budget. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering. but rather because we need to raise a certai
that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates permanently and start working with president obama on true pro growth tax reform, but again, it sounds like treasury secretary geithner is happy to take the economy off the fiscal cliff, and again, if president obama wants to do that, he can do that, it sounds like that's exactly where he wants to go, and you know, what is kind of amazing, maybe republicans should take, you know, a victory lap from the fact that we've actually convinced democrats it's a good thing to maintain the bush tax cuts for at least 98% of the american population. i guess that's a good thing. i hope, i hope if president obama decides to increase taxes on the top two percent at a minimum he exempts business income. people or businesses that report their income through subchapter s, that would be a positive sign. maybe he can give some g
the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not solve the nation's 16 trillion dollar debt. he says the only way to do that is through economic growth and reform of entitlement programs. rubio says that limited government can help restore the middle class. >> be extra careful of side due to the fog. this is a view from our mt. tam and there is fog in the midst of clouds. it is partly cloudy. it is mostly sunny conditions for the afternoon. clear skies are expected for the afternoon. it take a look at the yellow on your spring this is where the dense fog advisory has been issued. this is set to expire about 11:00 a.m.. napa as well as fairfield are affected by this den
morning. thank you so much. in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have
recall hearing all the time, you know, mitt romney and the republicans going after obama for that $700 billion in medicare cuts. wellç you know why he was sayi that? because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is it off the table now? >> well, precisely because they did -- took that step. they took that very big step and now everyone -- now the idea's, all right, we took the found cut and starting the experiments now. let's see how they work. there's a very good chance, in fact, we are seeing signs that some of them are starting to save some money. we cut $700 billion. we have these pilot programs going forward. let's watch. we have taken enough out of medicare for now and see how the experiments go. if they work out and if a few of them work out, we'll get bigger shape and in better shape fiscally. >> the line in the sand of the president is not don
aleve can keep pain away all day. back to the news. >>> welcome back, everyone. president obama and the republicans look to make a deal. the royal couple makes a baby, and a new law makes some pot smokers very happy. a look back now at the week that was. >> 26 days left, of course, until we tumble over the cliff. >> now we need a response from the white house. >> i will not play that game. >> it's official. kate middleton is pregnant. >> obviously, you know, we want a family. >> the whole globe's press will be in london waiting for this little baby. >> smoke them if you've got them. >> now we're smoking weed. >> i'm not a criminal anymore. i'm free to be free. >> a little pot, a big pregnancy and, of course, politics dominated this week that was. a week that began with this. >> a reasonable offer to the white house that would avert the fiscal cliff. >> the president politely declined. >> when you look at the math, it doesn't work. >> it's just common sense. >> at least the two sides are talking. >> oh, they are talking all right. >> the president actually isn't interested in a b
hikes and spending cuts. >> with just 27 days to go, republicans are not talking with the obama administration and the president is only talking on tv. major garrett is at the white house. good morning. >> reporter: good morning, charlie and norah. yesterday at the white house there were vague references to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the
on the republican side of the table facing mr. obama says raising taxes on upper income americans will not fix the huge problems this country is facing. >> even if the president got the tax rate hike he wanted, understand that we would continue to see trillion-dollar deficits for as far as the eye can see. washington has a spending problem and not a revenue problem. >> for many top democrats it is all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are that at this point the 39.6% does produce the revenue. the differentiation between the 39 pin 6% and the 28% that the president has for limitation or deductions creates a great deal of money as well. >> one conservative commentator suggested the out come of the fiscal talks won't be the end of the world. >> we will have taxes which are roughly the same as they were underon. we did fine in that. we will do fine. >> the question is whether these negotiations will lead to making other tough choices such as washington getting a handle on the growth of government. if not the european example seems to suggest huge fiscal t
on the top two percent of income earners. mister obama held back from directly criticizing republicans for opposing his tax plans.perhaps showing that fiscal cliff negotiations are showing progress. he says he will *not back down on his stance that the wealthiest americans should pay more in taxes. >> i'm not going to have a situation where the wealthiest among us including folks like me get to keep all our tax breaks and then we're asking students to pay higher >>pam: meanwhile, republicans are standing by a proposal that doesn't include an increase if no deal is reached, we could see a major increase in taxes, and severe spending cuts. >> living in the u.s. month. software company founder john mcafee said sunday that he wants to return to the united states in order to settle down and lead a normal life. the former software designer is currently in guatemala requesting political asylum. >> let me be clear, that i had absolutely nothing to do with the murder of my neighbor. our intent is to return to the u.s. and try to salvage a normal life under the circumstances. >>pam: he is bein
is now coming under fire from within his own party. president obama says there will be no deal unless republicans drop opposition to raising taxes on wealthyest americans. we have more now from washington, d.c.. >> was the white house and congressional republicans put forward a plan to avoid the fiscal cliff, now, they're miles apart, gaining in their heels. the president told bloomberg tv a deal is possible, but... >> this proposal now is still out of balance. >> the plan sent yesterday offers a total of 2 tth $2 trillion in deficit reduction including $1.2 trillion in spending cuts. and00 billion in new tax revenue no. rate increases in top two percent of taxpayers. that is nonnegotiatable for the president. >> we're not going to be able to get a deal without it white house says the math doesn't add up. >> it's magic beebs and fairy dust. >> with just 28 days until deadline, negotiations reach aid stalemate. >> there is nothing going on privately that is not going on publicly. >> there are no plans at this time for leaders to meet with the president at the while the house. it doesn'
the militant leader killed by a drone in june. >>> this morning, president barack obama and a republican are in the oval office and clashing over taxes. >> and if we're serious about protecting middle class families, then we have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> in the weekly address, the president says he will work with the gop on spending cuts, if they agree to higher taxes on the wealthy and a middle class tax cut. this marks the fourth time since re-election that he used the weekly address to push for a middle class tax cut to avert the fiscal cliff. >> we must reform uncomplicated tax code by getting rid of unjustified loopholes. but the goal should be to generate new revenue by creating new taxpayers, not new taxes. >> in the republican response, marco rubio commenting that raising taxes will not solve the $16 trillion debt. a potential presidential candidate in 2016, he says only economic growth and reforming programs can control the debt. >>> former florida governor which are lee crist says he is a democrat no
to look ahead to a senate without jim demint and whether some republicans will side with president obama in this fight over raising taxes on the rich. ♪ [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. get to holiday fun faster swithout shriners hospitals,he things i'm able to do. my life would be completely different. when i was seven, we found out i had scoliosis. everything changed when they stepped in. it was like they gave me my future back. tori's life is one of nearly a million changed by donations from people like you. send your love to the rescue. donate today. >>> let's discuss what we just heard in our strategy session. joining us three cnn contributors, democratic strategist donna brazile, erick erickson, editor and chief of conservative blog redstate,.com. and david frum, a former bush white house speech writer now contributing editor at the daily beast and newsweek. guys, thanks very much. erick, you know jim demint. were you surprised by his announ
faith? 56% thought obama and democrats would. only 43% thought the republicans would. will the president not act in good faith? 38% thought president wouldn't act in good faith. 51% thought republicans wouldn't act in good faith. but if there's no deal and the country goes over that fiscal cliff, taxes go up for everyone, mandatory spending cuts go into effect, a lot of folks are going to say where was the president? he was just re-elected. why couldn't he put together a package, a deal to avoid this disaster? >> i think this is a question of political leadership. and as that poll showed, there's no doubt that the president has the political advantage going into this. but at some point, and i think we're kind of getting close to it, the president has to be able to pivot and to say how do i turn this political advantage into a real policy accomplishment? and, wolf, i don't think you're going to do that with continued campaign style events like we just saw meeting with middle class families. okay. we get that. that occurred during the campaign. the white house has clearly gotten its messag
for president obama to make his next counter offer to the republican plan he rejected. >> i'm going to need a response from the white house. we can't negotiate with ourselves. >> the president and boehner spoke on the phone wednesday. republicans want more. >> we want to sit down with the president. we want to talk specifics. >> whether the talks happen on the phone or in person here at capitol hill or at the white house there will be no deal without a compromise on taxes. >> i'm obsession to raise taxes is not going to solve the problem. >> timothy gitner said the white house is willing to go over the fiscal cliff if the gop doesn't agree to raise taxes on the top 2% of corners. the parties position seems unchangeable. >> speaker boehner took a position i think the day after the campaign that said we're willing to bring in revenue but not being to take a risk. >> the president said they could reach a deal within a week. >> the white house budget officer is issuing an order to prepare for more than $100 billion in spending cuts in a compromise cannot be reached before the deadline. >>> chan
on the entitlement cuts that president obama has laid out or more entitlement cuts, but something. i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news for everyone. it's a good number, down to 7.7%, unemployment, 146,000 new jobs added but the downside is that fewer people were in the labor force a lot fewer, because people gave up on even trying. >> i think this is one of the more provocative questions and get to it on sunday, which is, are we too focused on the debt. are we not focused enough on what the government can be doing to try to spur job growth? beyond just -- >> there was a stimulus piece in the offer from the white house that was laughed at by the -- >> laughed at but could end up surviving. one of the things about the pres
in automatically. house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an appearance on capitol hill yesterday in a wheelchair frail but still flexing his political might. he could not convince enough republicans to support a disabled rights treaty. the united nations treaty would ban discrimination against people with disabilities. it fell five votes short of getting the needed two-thirds approval in the senate. >>> the world's oldest woman has died at the age of 116. beth cooper is only one of eight people recognized by the begin he was book of world records to have lived that long. she died peacefully yesterday in an assisted living home near atlanta. the title of world's oldest person n
. it has been over a month now since a americans gave president obama four more years in the white house. there are now more minority voters than ever before. and in large part, the republican candidate lost because he failed to reach out to them. if your than one in three latino's failed to vote -- fewer than one in three latino's failed to vote for mitt romney. what will the republican party need to do to get the hispanic vote? >> at a christmas party outside of boston, republicans are not feeling particularly festive -- outside of austin, republicans are not filling a particularly festive. they know they have a challenge in front of them. within two years, hispanics will outnumber whites in texas. >> if you want to know what the future of the republican party is, go to a national convention and stand on a chair and turn around 360 degrees, look at everybody, and then pick any street in the united states and put a share there and turn around 360 degrees and see if the outside convention looks like the inside of the convention. i will give you a hand, it does not. >> hispanic republican
that through the $360 billion that is in president obama's proposal with $4 trillion in deficit reduction that does it without cutting benefits. we have an opportunity to administrator years of solvency to medicare and medicaid. we need republicans to sit down at the table and embrace the notion you need a balanced approach. they need to send that middle class tax cut extension bill to the president's desk. >> what, if anything, does today's jobs report do for the president's hand in these negotiations? >> it just continues to add to the idea that we continue to make slow and steady progress. that we need to make more progress, and that you can see that although we've created jobs in the private sector i think for 33 straight months, you have a fragile recovery that we know a fiscal cliff would really impact in a dramatic way. we want to make sure we aavovoi that. we have an easy, no-brainer thing to do to give that certainty and another shot in the arm to the economy. and that is extend the middle class tax cuts. simple, no-brainer thing to do we agree on. >> really quickly here. ten sec
state has received more than $20 million in emergency funds. president obama is expected to ask congress for $50 billion to help rebuild hard-hit states. the massive super storm killed 130 people in eight states and caused billions of dollars in damage. >>> on capitol hill, republicans are sticking to their positions. the tax cuts should be extended for all americans. danielle nottingham reports for wjz. it comes as president obama meets with a family who would be impacted if the country goes over the fiscal cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the to
. >> good morning, everybody. >>> house speaker john boehner and president obama met sunday to discuss the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a disputed draft of the constitution for the country. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not re
will be putting out nip thiswell to try to violence in the but. bud. brad bell, abc 7 news. >> president obama has made a r that there will be no deal tax hikeis no higher on the wealthiest 2% of americans. republicans are gathering to afters their next that the president shot down their proposal. our senior clinical reporter, scott thuman, has been following the story. our senior political reporter, scott thuman, has been following the story. he will have more at 6:00. doug hill has more on the weather. this may be a visit from old for a few days. let's get you started. 82 degrees right now. the d two degrees up road at the 52 degrees up the road at washington-lee high school. temperatures falling into the 50's.nd if h still hang onto 60 degrees in fredericksburg. temperatures running colder. 21 degrees colder in cumberland. these are the wind speed at the top of the hour. 10, 12, and 15 miles per hour. winds will diminish later . temperatures will drop .uickly into the 40's tomorrow we will be in the 30's.20's and how long will the cold air stay around? warmer temperatures are coming .ack will s
and government spending consults on the middle class. >> creating jobs -- >> reporter: president obama and house speaker john boehner spoke on the phone wednesday but publicly are holding firm on their positions. the white house has made clear the country could go over the cliff if republicans refuse to raise taxes on the top 2% of american earners. >> to do that to 98% of the american people, because of an insistence that the wealthiest americans get a tax cut would be profoundly wrong. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks but bush-era tax cuts must be extended to all americans. >> reporter: the standoff and debt concerns ryan. so much so, that he is the guy if the suit dancing gangnam style with former senator alan simpson. the group the can kicks back is working to get young people involved in fixing the debt crisis. >> we are trying to connect with our generation in a different way using humor to hook them in and get them to learn about this issue and understand how it affects their lives. >> reporter: the grassroots campaign wants to sign up
. that said, republicans are not bending to the demand of president obama that they let income tax rates for wealthy americans go up. there are a number of republicans, small but growing, saying, you know what? let's the rates go up, not as much as the president wants them to. here is senator bob corker. >> yes ther, there is a growingp of folks who says we don't have a lot of cards on the table. a lot of people are putting forth a theory, you go in, give the president the 2% increase that he's talking about. the rate increase on the top 2%, and all of a sudden, the shift goes back to entitlements. >> corker is saying, let's deal with these income tax rates, and then let's talk about entitlement reform. reforming medicare, social security. but, zoraida, the truth is, this is a senate republican and a number of senate republicans are one mind with bob kocorker, but house republicans are the ones to need to find a feel. >> thank you. >>> another story. authorities in mexico found the wreckage of a plane that they believe was carrying jenni rivera and six others. it took off from monterey,
and social security sacrifice, but the top one% or 2% don't. you have obama who wants us to go over this cliff and raise ks tays -- raise taxes on everyone and he can blame the republicans on what happened. i think that's the game plan, and i think it is outrageous he is doing this. >> thank you both for joining us. >> thank you. appreciate it. >> and for much more on the fiscal cliff on fox news sunday chris wallace has an exchew sigh sit down with charles schumer and bob corker. that's on fox news sunday. check your local listings for times. >>> ♪ gangnam style >> a global sensation, if you will now apologizing for his anti-american lyrics. his name is psy in case you didn't know. his style is called gangnam. it is a dance video and the most watched video ever on youtube with 900 million hits. but the south korean singer is saying he is sorry for his past comments criticizing the u.s. military. psy's apology coming days before he is scheduled to perform in front of president obama. >>> new developments in the tragedy involving the prank phone call targeting kate middleton. we ar
, the former companisy campaign manager of president obama's re-election campaign. howard kurtz the host of "cnn's reliable sources" lauren ashburn, republican from texas, congressman jeb hensarling with us, randy weingarten, president of the american federation of teachers. all guests this morning. wednesday, december 5th, and "starting point" begins right now. >>> our "starting point" this morning, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well,
about republicans in effect jumping ship, saying it's time to go along with president obama in raising tax rates on the rich to avo avoid the fiscal cliff. erin burnett's been looking into that. she's going in depth on that tonight. what have you found out? >> it seems more and more likely that we're going to end up in a situation where we get a pretty awful deal if we get a deal. there's not going to be a grand bargain, which is a big failure, but are there going to be republicans who are willing to make serious corp. mizs. tom mcclint ok's going to be our guest. we're going put the hard questions to him tonight, plus, wolf, you remember amy copeland, the young woman who went on the bungee jump and got the stitches and had to go back because of the flesh eating bacteria? >> what happened? >> well, she survived and she is our special guest tonight. she was honored with a woman of the year award and her story is pretty incredible. she talks about what she still struggles to do, whether there are still moments in the middle of the night where she feels life isn't fair. >> i'll look forwa
cuts that have come to be known as the fiscal cliff and today republicans stood by their offer to close some tax loopholes and limit deductions and called on the for the give them a new plan that the congress could. president obama spent his day with the santana family of falls church and he says they're members of the middle class and they'll be hit hard if congress fails to extend their tax cuts. meantime virginia could be hit hard if those spending cuts end up taking place especially in places like fairfax county where federal contracting is king. >> if you go make the kind of cuts that some are suggesting happen, then you're really hurting a lot of the small buss
. >>> he spoke at this year's democratic national convention as an independent, but now former republican florida governor charlie crist is a proud democrat. crist posted a twitter photo friday showing his registration papers tweeting that he's proud and honored to join the party in the home of president obama. crist ran for the u.s. senate as an independent in 2010, but was defeated by marco rubio. some are speculating this move is in preparation for another run for governor against rick scott in 2014. >>> the supreme court has decided to take up two major same-sex marriage cases. the first is the defense of marriage act. the 1996 law denies federal benefits to legally married same-sex couples. right now around 120,000 legally married same-sex couples in the u.s. the second is california's proposition 8. that made same-sex marriage illegal in the state. a decision on these cases is expected next year. >>> is this the end of gangnum style mania? korean pop star psy which is the most watched video in youtube history is apologizing for an anti-american lyrics that aired in 2004. made its wa
, president barack obama spoke on the phone with house speaker john boehner on avoiding the fiscal cliff. but boehner as facing a growing backlash among rank and file republicans. some say they will never support tax hikes but others are breaking with the leadership saying they will support the president's demand for an increase on rates on upper incomes. >>> new this morning, more support for a push to crack down on texting while driving in virginia. legislation is in the works that would classify texting behind the wheel as reckless driving. the virginia state crime commission has announced its support for the measure. it is not expected to be taken up until early next year. ext y >>> time now not morning line and everybody is talking about sunday's redskins-ravens game. redskins have lost the last two against baltimore. now, as far as the redskins injuries are concerned, london fletcher sat out of practice yesterday with an ankle injury and left tackle trent williams continues to nurse a deep thigh bruise. deangelo hall is in a boot but it is like lie all of them way play this weekend
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